If you’d like to pay down your mortgage faster there are some things you can do:


  • Borrow less than you can afford – purchase a property that doesn’t use all your borrowing capacity.


  • Save a large deposit – a larger deposit means a smaller mortgage and less interest.


  • Increase repayment frequency – switch to fortnightly or weekly repayments which will help pay down your loan faster.


  • Make higher repayments – boost your repayment amount and pay off your loan sooner.


  • Use an offset account – reduce the interest on your loan with improved products.


  • Refinance – compare loan products and find better options that might be able to save you money.